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DETAILS OF LOCAL PURCHASES

A LTD Bill to:- My Co

Particular Amount
PLASTIC 100000
20000 KG*50  
CGST 9% 9000
SGST 9% 9000
TOTAL 118000

DETAILS OF LOCAL SALES

MY CO Bill to:- X Ltd

Particular Amount
PLASTIC 160000
20000 KG*80  
CGST 9% 14400
SGST 9% 14400
TOTAL 188800

ENTRY FOR LOCAL PURCHASE :-

Purchase Local Plastic A/cDr 100000

Input CGST 9% Dr 9000

Input SGST 9% Dr 9000

To A Ltd 118000

ENTRY FOR LOCAL SALES :-

X LTD Dr 188800

To Sales Local Plastic 160000

To Output CGST 9% 14400

To Output SGST 9% 14400

 

 

DETAILS OF CENTRAL PURCHASES

A LTD Bill to:- My Co

Particular Amount
PLASTIC 100000
20000 KG*50  
IGST 18% 18000
TOTAL 118000

DETAILS OF CENTRAL SALES

MY CO Bill to:- X Ltd

Particular Amount
PLASTIC 160000
20000 KG*80  
IGST 18% 28800
TOTAL 188800

 

ENTRY FOR CENTRAL PURCHASE :-

Purchase Central Plastic A/c Dr 100000

Input IGST 18% Dr  18000

To A Ltd 118000

ENTRY FOR CENTRAL SALES :-

X LTD Dr 188800

To Sales Central Plastic 160000

To Output IGST 18% 28800

 

How to Prepare Ledgers and Groups in tally

GST Journal Entry.jpg

  1. Accounts and Finance
  2. Accounts with Taxes
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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